We don’t have a crystal ball, but at Windermere we do have a team dedicated to analyzing the market and making predictions. The following analysis of select counties of the Utah real estate market is provided by Windermere Real Estate Chief Economist Matthew Gardner. 

 

Here are 3 things we found interesting from Gardners Q3 Report. 

• …Home prices continue to appreciate at significant rates. I (Gardner) still expect to see some moderation in price growth as we move through the year and into 2020, but Utah will clearly continue to outperform the nation as a whole.
• The number of homes for sale in the third quarter was only 2.6% higher than in the same period a year ago but was 11% higher than the second quarter of this year. There continues to be significantly more choice in the market, which is good news for home buyers.
• The average number of days it took to sell a home … rose eight days compared to the third quarter of 2018. The Utah economy is still outperforming almost all other states and this will continue to drive housing demand.